Deal Snapshot
PENNSYLVANIA AMERICAN WATER ACQUISITION STEELTON BOROUGH AUTHORITY FOR USD 21.75M
Friday 11 October 2019

Pennsylvania, US-based Pennsylvania American Water has acquired the water assets of the Pennsylvania-based Steelton Borough Authority in Dauphin County for USD 21.75m, the company said.
The sale of the water system is expected to allow the borough to eliminate its existing water debt, build up budget reserves, and invest in capital projects. All seven of Steelton's employees, represented by AFSCME District Council 90, are now employees of Pennsylvania American Water.


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Details
Date Published: 11/10/2019
Target: Steelton Borough Authority in Dauphin County
Country: USA
Deal Size: 21.75m (USD)
Sector: Utilities
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Pennsylvania American Water
Comment:


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